This is the result of making amendments to the budget from time to time, he says.

Gunasekara told the media yesterday he had information that prime minister was going to submit yet another budget soon.

He also accused the present regime of changing the ‘progressive tax regime’ that had existed, adding that presently, indirect taxes amounted to 90 per cent and direct taxes were 10 pc.

The increase of the ceiling from Rs. 500,000 to Rs. 2.5 to charge income tax has caused a reduction in tax revenue, he added.